28. Tipson Corporation will invest $25,000 every January 1st for the next six years (2020 2025). If Tipson will earn 12% on the investment, what amount will be in the investment fund on December 31, 2025 $?

29. A machine is purchased by making payments of $16,000 at the beginning of each of the next five years. The interest rate was 10%. The future value of an ordinary annuity of 1 for five periods is 6.10510. The present value of an ordinary annuity of 1 for five periods is 3.79079. What was the cost of the machine $?

30. What would you pay for an investment that pays you $40,000 at the beginning of each year for the next ten years? Assume that the relevant interest rate for this type of investment is 10%.

Amount payed for this Investment $? (Present Value of this Investment)